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Friday, 05/12/2023 1:58:10 PM

Friday, May 12, 2023 1:58:10 PM

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I love the merger of LTHM with OROCF not only because it will become the third largest lithium producer with great diversification of resources and products, but also because it is a natural full of synergies. They have brine resources next to each other in Argentina, the same in Quebec (just a bit farther), similar goals of vertical integration, and they can share expertise (LTHM in hydroxide and DLE; OROCF in spodumene, and both in carbonate). I think that the 54% OROCF 46% LTHM deal perhaps should have been 60%-40% or even a bit more favorable to OROCF, but LTHM provides great intangibles like entry to the NYSE, access to the Biden’s credits, better international commercialization and excellent expertise in hydroxide and DLE. The one thing they must do is to keep growing quickly while managing funds wisely. They need to execute efficiently in Canada, Argentina and even Australia, where they should purchase new resources for the future since Mt. Catlin may not last more than a few years. LTHM will also benefit from being less linked to China thanks to OROCF’s connection with Japan and their mutual interest to supply North America..

PS I added a similar post in the OROCF site and I own both stocks
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